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Financing Receivables (Tables) | 3 Months Ended
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Mar. 31, 2018
Receivables [Abstract] |
Schedule of financing receivable | The reconciliations of the beginning and ending balances of the Allowance for doubtful accounts were as follows:
For the three months ended March 31, | 2018 |  | 2017
Balance at beginning of period | $ | 204,252 |  |  | $ | 196,270 |
Additions: charges to bad debt expense | 22,153 |  |  | 16,502 |
Additions: charges to other accounts (a) | — |  |  | 503 |
Deductions (b) | (24,883 | ) |  | (17,571 | )
Balance at end of period | $ | 201,522 |  |  | $ | 195,704 |
(a) Charges to other accounts includes reclassifications. (b) Deductions includes accounts receivable written off against the allowance (net of recoveries), reclassifications, and foreign currency translation. The beginning and ending balances of the Allowance for doubtful accounts include the current portion, as shown on the face of Consolidated Balance Sheets, in addition to the noncurrent portion that is included in Notes receivable, net on the Consolidated Balance Sheets. Laureate’s financing receivables balances were as follows:
| March 31, 2018 |  | December 31, 2017
Financing receivables | $ | 37,411 |  |  | $ | 22,977 |
Allowance for doubtful accounts | (8,984 | ) |  | (8,411 | )
Financing receivables, net of allowances | $ | 28,427 |  |  | $ | 14,566 |
Summary of aging of financing receivables by country | The aging of financing receivables grouped by country portfolio was as follows:
| Chile |  | Other |  | Total
As of March 31, 2018 |  |  |  |  |
Amounts past due less than one year | $ | 11,302 |  |  | $ | 797 |  |  | $ | 12,099 |
Amounts past due one year or greater | 3,121 |  |  | 1,405 |  |  | 4,526 |
Total past due (on non-accrual status) | 14,423 |  |  | 2,202 |  |  | 16,625 |
Not past due | 19,190 |  |  | 1,596 |  |  | 20,786 |
Total financing receivables | $ | 33,613 |  |  | $ | 3,798 |  |  | $ | 37,411 |
As of December 31, 2017 |  |  |  |  |
Amounts past due less than one year | $ | 6,800 |  |  | $ | 1,300 |  |  | $ | 8,100 |
Amounts past due one year or greater | 3,551 |  |  | 1,335 |  |  | 4,886 |
Total past due (on non-accrual status) | 10,351 |  |  | 2,635 |  |  | 12,986 |
Not past due | 8,494 |  |  | 1,497 |  |  | 9,991 |
Total financing receivables | $ | 18,845 |  |  | $ | 4,132 |  |  | $ | 22,977 |
Summary of allowance for credit losses on financing receivables | The following is a rollforward of the Allowance for doubtful accounts related to financing receivables for the three months ended March 31, 2018 and 2017, grouped by country portfolio:
| Chile |  | Other |  | Total
Balance at December 31, 2017 | $ | (6,107 | ) |  | $ | (2,304 | ) |  | $ | (8,411 | )
Charge-offs | 331 |  |  | — |  |  | 331 |
Recoveries | (1 | ) |  | (7 | ) |  | (8 | )
Reclassifications | — |  |  | 39 |  |  | 39 |
Provision | (731 | ) |  | 23 |  |  | (708 | )
Currency adjustments | (164 | ) |  | (63 | ) |  | (227 | )
Balance at March 31, 2018 | $ | (6,672 | ) |  | $ | (2,312 | ) |  | $ | (8,984 | )
Balance at December 31, 2016 | $ | (6,209 | ) |  | $ | (2,966 | ) |  | $ | (9,175 | )
Charge-offs | 911 |  |  | 27 |  |  | 938 |
Recoveries | — |  |  | (3 | ) |  | (3 | )
Reclassifications | — |  |  | — |  |  | — |
Provision | (450 | ) |  | 35 |  |  | (415 | )
Currency adjustments | (66 | ) |  | (19 | ) |  | (85 | )
Balance at March 31, 2017 | $ | (5,814 | ) |  | $ | (2,926 | ) |  | $ | (8,740 | )
Summary of troubled debt restructuring | The number of financing receivable accounts and the pre- and post-modification account balances modified under the terms of a TDR during the three months ended March 31, 2018 and 2017 were as follows:
| Number of Financing Receivable Accounts |  | Pre-Modification Balance Outstanding |  | Post-Modification Balance Outstanding
2018 | 409 |  |  | $ | 1,372 |  |  | $ | 1,262 |
2017 | 281 |  |  | $ | 1,169 |  |  | $ | 1,086 |
The preceding table represents accounts modified under the terms of a TDR during the three months ended March 31, 2018, whereas the following table represents accounts modified as a TDR between January 1, 2017 and March 31, 2018 that subsequently defaulted during the three months ended March 31, 2018:
| Number of Financing Receivable Accounts |  | Balance at Default
Total | 138 |  |  | $ | 339 |
The following table represents accounts modified as a TDR between January 1, 2016 and March 31, 2017 that subsequently defaulted during the three months ended March 31, 2017:
| Number of Financing Receivable Accounts |  | Balance at Default
Total | 82 |  |  | $ | 327 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953682-111524 + Details
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